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09/25/2024

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Crypto Price Update September 25: BTC Tops $64K, ETH Declines, Cardano Up 4%

Today, the global crypto market prices reflected a slight uptick, trying to sustain the rally ignited following the Federal Reserve rate cut. However, the uptrend among top altcoins was mostly marginal...

Crypto Price Update September 25: BTC Tops $64K, ETH Declines, Cardano Up 4%

Today, the global crypto market prices reflected a slight uptick, trying to sustain the rally ignited following the Federal Reserve rate cut. However, the uptrend among top altcoins was mostly marginal according to on-chain data. An overview of the market through the crypto heat map shows mixed trading patterns, in red and green.

Bitcoin climbed $64k earlier today, however, its price has retraced and is now trading around the $63k mark. Ethereum noticed a slight decline in price and Cardano exhibited a notable uptrend. Moreover, the total market valuation added 0.37% to rest at $2.24 trillion at the time of writing. Below is an overview of how some of the top crypto have reacted over the last day.

Top Crypto Prices Today

Bitcoin exhibited a significant upswing that shot its price above $64k in the early Asian trading hours today. However, at the time of writing, the price of BTC traded at $63,879, representing a 0.24% spike. Moreover, BTC’s one-day trading volume jumped by 10% to rest at $29.3 billion, indicating increasing on-chain activities among traders and investors. Notably, this price reaction comes amid a $135.95 million inflow for Bitcoin ETFs as of September 24.

Meanwhile, the price of Bitcoin is anticipated to rocket in the coming days following China’s 20 bp short-term interest rate cut and 50 bp cut in the reserve requirement ratio. These outcomes are expected to have a positive impact on the crypto market as there would be a noticeable increase in money circulation which people can divert to riskier assets like cryptocurrencies.

Meanwhile, Ethereum, the flagship altcoin has taken a different route, dropping marginally over the last 24 hours. According to data from CoinMarketCap, the price of ETH dipped by 0.94% to change hands at $2,623. Similarly, its 24-hour trading volume declined by 2.37% to $16.2 billion. Notably, ETH ETFs saw a daily total net inflow of $62.51 million as of September 24 according to Soso Value Data.

Source: CoinMarketCap

Other Altcoin Prices

The crypto Solana saw an uptick over the last day. SOL price increased by 1.49% and changed hands at $150.28. Solana’s one-day low and high were seen at $144.85 and $153.61 respectively. Ultimately, the coin’s market cap touched $70.42 billion at the time of writing.

Meanwhile, the seventh-largest crypto by market cap, XRP also dropped at the time of writing. The XRP price lost 0.19% in the past 24 hours to reach $0.588. The coin traded between the bottom and peak of $0.5818 and $0.596, respectively. XRP’s market cap stood at $33.18 billion today.

While the price of XRP continues to consolidate around $0.5 and $0.6, crypto analysts have predicted a bullish outcome for the coin in the coming months. Coinfomania earlier reported that an XRP pundit predicted a $6 surge in 2025, citing a building up symmetrical triangle in XRP’s trading chart.

Binance Coin (BNB) saw notable drops at the time of writing. The Binance-backed coin declined by 1.29% to reach $597.18 and maintained a 24-hour range of $593.67 and $612.14 respectively. The TRX price lost 1.13% to trade at $0.1506 with 24-hour lows and highs of $0.1501 and $0.1526 respectively.

Meanwhile, Cardano (ADA) has seen the most gains among the top cryptocurrencies. The proof-of-stake blockchain token surged by 3.53% at the time of writing to change hands at $0.3817. Additionally, Cadano’s trading volume over the last day jumped by 41% to $335 million.

Source: CoinMarketCap

The memecoin market reflected a broader uptrend in the last 24 hours. The Dogecoin price increased by 0.47% in value to $0.1093 today. Also, Shiba Inu, the second-largest memecoin by market cap, climbed by 1.96% to $0.00001492. PEPE added 1.74% while Dog Wif Hat (WIF) increased by 4.40%.

Sei (SEI) skyrocketed by 24.29% to reach $0.461

Sui (SUI) surged 12.34% to $1.74

Shitcoin (SOL) SHIT moved up by 11.67% to $0.01185

Chiliz (CHZ) added 10.72% to $0.06719

AI Companion (AIC) jumped by 9.14% to $0.120

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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